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Of population by income class 2016 or latest available year la classe moyenne au canada 58 est légèrement inférieure à la moyenne des pays de l ocdelower income 50 75 of median de la population par catégorie de revenus 2016 ou année la plus récente source.
Income for middle class canada. The difference is due to housing cost and the effect of high marginal income tax rates. The organisation for economic co operation and development oecd says anyone making between 75 per cent and 200 per cent of the median national income is in the middle class. The squeezed middle class figure 2 1 68 figure 2. Millennials are significantly less likely to be in the middle class than previous generations of the population in middle income.
The median income of the middle class by by household size. The organization for economic co operation and development oecd defines a member of the middle class as anyone who earns between 75 per cent and 200 per cent of median household income after tax. In a major expensive urban centre like vancouver or toronto it would be a range of 110 000 to 180 000. Let s take it one step deeper and look at various household sizes.
For a traditional middle class lifestyle which takes into account two spouses and a child ability to finance their child s education home and car ownership and retirement savings this would require 123 388 per year after income tax. A middle class family of two or more earns between 61 929 and 88 074 per year while a free and easy single only needs to earn between 23 357 and 36 859 to be considered part of that social. That is the middle point of the national income. The think tank defines the middle class as households that are earning two thirds to double the national median.
The median household income reached 70 336 in 2015 according to the latest census data. So what does it take in canada to be in the middle class. Who is canada s middle class. Cbc news top www cbc ca the organization for economic co operation and development oecd defines a member of the middle class as anyone who earns between 75 per cent and 200 per cent of median household income.
In rural or small outlier cities in canada a family income in the range of 85 000 to 130 000 puts you in the middle 60 band. We asked statistics canada to break down income distribution data from the 2016 census by metro area and they found some pretty remarkable differences from city to city.
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